Pixium Vision announces the completion of the reverse stock split of its shares on the basis of 1 new share for 50 existing shares and the start of trading of the shares resulting after the completion of the reverse split as of Sep 21, 2023 - Seite 2

All operations relating to the reverse stock split will be carried out on Euronext Growth Paris via Société Générale Securities Services, 32 rue du Champ de Tir, CS 30812, 44308 Nantes Cedex 3, appointed as agent to centralize the reverse stock split operations.

The terms and timetable of the reverse stock split were set out in a press release published on July 28, 2023. A notice was published in the French legal notice gazette (Bulletin des annonces légales obligatoires or BALO) on August 4, 2023 (no. 93).

After the market close today and as a result of the reverse stock split, the Chief Executive Officer has adjusted the exercise parity of the securities giving access to Pixium Vision's share capital (Warrants, US 2021 Warrants, HCW Warrants, Options and Free shares - except for the Notes ¹) and specified that the number of new shares (with a par value of 1 euro) that may be (i) subscribed, or (ii) allocated free of charge as a result of the definitive acquisition of Free Shares, will be rounded down to the nearest whole number for each holder of these securities, unless otherwise contractually agreed.

After Pixium Vision the announcement of a shareholder loan of €3 million from Bpifrance Participations and Sofinnova Capital VII on July 28, 2023², the Company confirms the cash runway until the end of November 2023. The Company continues to actively seek financing options to support its strategic ambitions.

About Pixium Vision

Pixium Vision is creating a world of bionic vision for those who have lost their sight, enabling them to regain visual perception and greater autonomy. Pixium Vision’s bionic vision systems are associated with a surgical intervention and a rehabilitation period. Prima System sub-retinal miniature photovoltaic wireless implant is in clinical testing for patients who have lost their sight due to outer retinal degeneration, initially for atrophic dry age-related macular degeneration (dry AMD). Pixium Vision collaborates closely with academic and research partners, including some of the most prestigious vision research institutions in the world, such as Stanford University in California, Institut de la Vision in Paris, Moorfields Eye Hospital in London, Institute of Ocular Microsurgery (IMO) in Barcelona, University hospital in Bonn, and UPMC in Pittsburgh, PA. The Company is EN ISO 13485 certified and qualifies as “Entreprise Innovante” by Bpifrance.